Amendment status not verified — confirm the current text below against the official source.
(1) A pcrson shall be disqualified for bcing appointed '" * * * a Truslee if he- . (a) hns been convicted and sentenced by my Court for an oifence punishable with in~prisonrnent for a period of not lcss than six monhs; or (b) is an undischarged insolvcnl; or (c) holds any ofice or place of profil undcr Ihc Board; or (d) has, dircclly or indirecrly. by himself, or by any panncr, clnploycr or crnployec, any share or interest in any conlracl or elnployrncnt wih, by, or on behalF of, [he Board; or (e) is a director, or a sccrcrary, manager or other salaried olficer, of any jncorporatcd company which has any share orinleresl in any conmct or crnploy mcnt wilh, by, or on behalf of, thc Board. (2) But a person shall not bc disqualified as aforesaid or be deemed to I~avc any share or in~eresl in such contract ar employment as aforesaid, by rcason only of his having a sllruc or intcrest in- (i) any sale, purchase, leasc, or cxchangc of land, or any agrcemcnt for the same; or (ii) any agrccmenl Tor lhc loan of money, or any sccurity Tor Ihc paymen[ of moncy only; or ( i i i ) any newspaper in which nny advertiscrnenr rehung la h e afrairs of the Board is inscrled; or 'Scction J h \ v s inscncd by s, 2 or the How& lnipmrcmcnt (Arncndmrnt) Act. 1969 (\Vest Bcn. Acl XVlI or 1969). -The ix40rds "'orclec~cJ"~vrrt omincd by s. 5 of h c Howmh Improvcmcnr (Amendmcn~) h e IIO(I5 IIV,.rr R r n A r l \'\rnr 100<\ Tlie Ho 1uru11 Inrpmvetnenr Acr, 1956. XIV of 1956.1 (Ci~upfer /I.-The Board of Tr~rslee~~.-Secr~u~ls 6-9.) (iv) the occasional salc lo he Board, to a valuc nor exceeding two thousand rupces in any onc financial yeear, of any article in which hc rradcs; or by reason only of his having a sharc or inlcrcsr, olllerwise lhan as director, or sccrctay, manager or o~hcr salaricd oliicer, in any incorporated company which has any share or in~erest in any conlracl or employment wi(h, by, or on bchall or, thc Board. (3) Thc S ta!c Govcrnnlcnt may, if it lhinks fil, remove by an order the disqualificntion mcntioned in clause (a) of sub-seclion (1) and shall do so if, in IIIC opinion of !he Srate Government, the offence does not involve moral ~urpi~ude.